Article Summary: Canadian hotel occupancy fell 57.1% to 33.3% during the week of 12-18 July. ADR decreased 31.6% to 122.94 Canadian dollars ($91.64) and RevPAR dropped 70.7% to CA$40.92 ($30.50).
Canadian hotel occupancy fell 57.1% to 33.3% during the week of 12-18 July. ADR decreased 31.6% to 122.94 Canadian dollars ($91.64) and RevPAR dropped 70.7% to CA$40.92 ($30.50).
Primary Category: Weekly Data
HENDERSONVILLE, Tennessee—STR data for 12-18 July 2020 shows a continued steady rise in Canadian hotel performance but the same significant level of year-over-year declines.
In comparison with the week of 14-20 July 2019, the industry reported the following:
• Occupancy: -57.1% to 33.3%
• Average daily rate (ADR): -31.6% to CAD122.94
• Revenue per available room (RevPAR): -70.7% to CAD40.92
Two provinces reached a 40% occupancy level: British Columbia (44.5%) and Manitoba (41.9%).
Vancouver (33.1%) was the only major market at or above the 30% mark.
The lowest occupancy among provinces was reported in Prince Edward Island (23.9%). At the market level, the lowest occupancy was seen in Montreal (17.6%).
Additional Performance Data
STR’s world-leading hotel performance sample comprises 68,000 properties and 9.1 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and www.costargroup.com.
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Headline: STR: Canada hotel results for week ending 18 July
Article Date: 7/23/2020
Article Time: 8:45:00 AM